Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 7.50% FR 30D – CD 20240308
Applications were opened on Wednesday, 6 March 2024 by Bank of Jamaica for the allocation of JMD 46,500,000,000.00 of BOJ 7.50% FR 30D-CD 20240308 through a competitive price auction. The issue date for the successful allotments is Friday, 8 March 2024.
The results from the auction are as follows:
Instrument Name: BOJ 7.50% FR 30D – CD 20240308 | |
Total Bids Received | 352 |
Total Value of Bids Received | $51,212,179,000.00 |
Total Offer Amount | $46,500,000,000.00 |
Total Successful Bids | 329 |
Total Allocated Bids | $46,500,000,000.00 |
Average Yield for Successfully Allocated Bids: | 10.63% |
Average Price for Successful Bids ($): | $99.72 |
Lowest Submitted Bid Rate (%) / Amount (JMD) | 9.00% / $1,000,000.00 |
Highest Submitted Bid Rate (%) / Amount (JMD) | 13.00% / $100,000,000.00 |
Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 11.20% / $100,000,000.00 |
Bid Rate for Partial Allocation | 11.25% |
Partial Allocation Percentage | 91.72% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 8 March 2024, will be J$150,500,000,000.00
The next auction is scheduled for Wednesday, 13 March 2024.